House panel: Wall Street must prepay for failures AP (November 19, 2009) WASHINGTON (AP) - The House Financial Services Committee has voted to assess fees on Wall Street firms and other large companies to pay in advance for the costs of dismantling failing nonbank financial institutions.
Fannie Mae seeks $15 bln in US aid after 3Q loss AP (November 05, 2009) WASHINGTON (AP) - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
House panel votes to give SEC more money, power AP (November 04, 2009) WASHINGTON (AP) - The House Financial Services Committee voted Wednesday to give federal regulators more power and money to police major players in the stock market, four months after Bernard Madoff was sentenced for the biggest investment scam in history.
GAO: Full recoup of gov't auto investment unlikely AP (November 02, 2009) WASHINGTON (AP) - Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."
California Rep. Waters is under investigation AP (October 29, 2009) WASHINGTON (AP) - The House ethics committee said Thursday it's investigating whether California Rep. Maxine Waters used her influence to help a bank in which her husband owned stock - and whether the couple benefited as a result.